Georgia ranked No. 1 state for business for fourth consecutive year
Wednesday, November 2, 2016
Posted by: Kelly McLendon
Gov. Nathan Deal today announced that Georgia has been named the No. 1 state in the nation in which to do business for the fourth consecutive year by Site Selection magazine, a leading economic development trade publication.
“For a remarkable fourth time in a row, Georgia has once again been named the top state in nation in which to do business, highlighting the vitality of our state economy and the business-friendly environment that continues to help companies grow,” said Deal. “The collaborative framework on both state and local levels has led to the creation of hundreds of thousands of jobs for Georgia families, enhanced community outreach by investing millions in local areas and improved the overall quality of life for all citizens. In the last four years, many small businesses have expanded in Georgia and numerous international companies have established operations here, reflecting the foundation offered to job creators. Georgia leads the way in providing companies with a low tax burden and a business-friendly climate. In return, there have been more than 575,000 private sector jobs created since 2011. This recognition for our statewide economic development is a testament to the unwavering commitment displayed by our industry leaders, community partners and the people of Georgia.”
Each November, Site Selection releases rankings for the top states in which to do business. Georgia has been ranked among the top 10 states in Site Selection’s business climate rankings throughout the last decade and has held the top spot for the last three years.
“Georgia’s fourth consecutive top state business climate ranking is based on where corporate expansion projects are occurring and where investors say they want to commit their capital for the long term,” said Mark Arend, editor-in-chief of Site Selection. “Our readers say the state’s fiscal soundness, predictable economic and regulatory climate, workforce and transportation infrastructure are their main reasons for investing in Georgia.”
The rankings are determined by a survey of corporate site selectors paired with an index of tax burden criteria determined by the Tax Foundation and KPMG’s Location Matters analysis and performance in Conway Data’s New Plant Database, which tracks new and expanded business facility activity.
“Site Selection’s fourth consecutive No. 1 ranking speaks volumes to our business-friendly environment, world-class infrastructure network, top-notch academic institutions, nationally-ranked training programs and vibrant socioeconomic culture,” said Georgia Department of Economic Development Commissioner Pat Wilson. “Governor Deal made Georgia a state with a reputation for success, which we celebrate today with our economic development partners across the state.”